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Views: 89 DOM: 567 Updated: 05.29.24 Posted: 11.23.22 Status: Active


Price $2,350,000
Built/Renov 2021
Tenant Chipotle Mexican Grill
Cap Rate 4.26%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,325
Lease Start 12-30-2021
#Units 3,437
Price/SF $1,010.75
Expiration 12-31-2036
Tenant Type Fast Casual/Rest.
NOI $99,998
R. Term 12.6
Ownership Fee Simple
Rent/SF $43.01
Increases 10.0%/5/yrs
Pop 5Mi 94,389
Lot/AC 0.68
Options 4/5yrs/10%
AHHI 5Mi $63,051

Lease Highlights

  • Tenant has 13+ years remaining on their current lease term with 2 (5-year), 1 (4-year) & 1 (11-month) options to extend
  • Lease features 10% rental increases throughout primary term at the beginning of each option period
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guarantee from Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is positioned with excellent access and visibility on a hard corner at the signalized intersection of Buffalo Road (14,177 VPD) and Nagle Road (10,916 VPD). Chipotle is ideally located as an outparcel to the ±215,327-SF Giant Eagle Plaza, which is anchored by Giant Eagle grocery store and further occupied by Get-Go Gas, Rite Aid, T-Mobile, Sherwin Williams, Pet Supplies Plus, to name...



  • 1 Mile
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About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...



  1 Miles 3 Miles 5 Miles
2027 Total Population : 9,245 43,808 93,350
2022 Total Population : 9,408 44,504 94,609
2022 Employed Civilian Pop : 4,519 20,146 41,014
2022 Total Businesses : 311 1,083 3,177
2022 Average Household Income : $ 72,909 $ 69,695 $ 63,050
2022 Total Consumer Spending : $ 237 M $ 1042 M $ 2042 M
2022 Median Age : 41 39 36
2022 Total Households : 3,776 17,334 37,365
2022 Pop Age 25+: Bachelor's Degree : 1,376 5,008 10,192
2022 Average Home Value : $ 136,291 $ 152,212 $ 156,279
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Buffalo Rd Teri Ave 2016 14,177 0.04 mi
Nagle Road Cricket St 2019 10,762 0.21 mi
Buffalo Rd Riverside Dr 2016 14,177 0.26 mi
Nagle Rd Adelaide Dr 2019 9,504 0.38 mi
Buffalo Rd Center St 2019 12,722 0.43 mi
Water St Pearl Ave 2019 6,623 0.44 mi
Iroquois Avenue Burkhart Ave 2019 5,157 0.50 mi
Station Rd Edison Ave 2019 3,981 0.52 mi
Iroquois Ave Tyndall Ave 2019 4,814 0.52 mi
Buffalo Road Knoll Ave 2019 7,164 0.57 mi

Listing Broker

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